Value of holdings now over 19m (mainly due to Cue comming right)
Total 42m :- 145m shares = 29cps. Allowing for Dovedale holding but ignoring options.
As mentioned in an earlier post @ 50c mcf each TCF would be valued at over $3.00 per share to OXX.
See the 3D survey over Gigantor is under way. Drilling to follow, OXX 20% free carried though first 2 wells in each of the 4 blocks. Gigantor has 6.8 TCF Mean Prospective Gas Pesource.
Then there is: Gidorah 3.6 TCF Minya 3.2 TCF Hedorah .9 TCF
etc etc
Winchester farmout on the cards 1.5 TCF Mean Prospective Gas Resource and 67mmbls of liquids.
Will know before August what Shell have in mind for WA-384-P and WA-385-P. OXX 1% OOR.
8% increasing to 10.25% of Cornea. 60-80 mmbl recoverable contingent resourse. That could be 8-10mmbls to OXX. At say $20 bl in ground that alone could be worth 10x20 :- 145 = 1.37cps to OXX.
Yep lot happening at OXX. None of it is in the bag yet but this little oiler is the best kept secret on the ASX.
OXX Price at posting:
40.0¢ Sentiment: None Disclosure: Held
